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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Mulilo says Middlepunt PV plant to supply cheapest REIPPPP-procured electricity

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South African independent power producer Mulilo reports that its 337 MWdc Middlepunt solar PV plant will deliver electricity at R458/MWh when it enters into commercial operation in the coming 24 months – the cheapest electricity procured to date under South Africa’s public bidding rounds. Located near Welkom in the Free State, Mulilo CEO Jan Fourie reports that the R4.4-billion project is also the first project procured under Bid Window 7 of the Renewable Energy Independent Power Producer Procurement Programme, or REIPPPP, to have advanced to financial close.

Next phase of Golden Acre redevelopment under way

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Construction has formally started on the retail component of the Golden Acre precinct redevelopment in Cape Town. Following the successful start of the residential conversion late last year, this next phase marks a critical step in transforming one of Cape Town’s vital commuter hubs into a modern, 18-hour mixed-use environment.

Further food price pain on the cards for consumers as agri sector faces higher input costs

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While developments around the conflict in the Middle East remain unpredictable, the South African agricultural value chain is already being confronted with rising input costs, disrupted trade flows and heightened logistical risks. According to Absa AgriBusiness sector executive for agriculture Loffie Brandt, the most immediate impact on South African agriculture stems from rising cost pressures.

IMF, World Bank, IEA warn that fuel prices may remain high for prolonged period

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The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have jointly warned that fuel and fertiliser prices may remain high for a prolonged period even if regular shipping flows resume through the Strait of Hormuz. In a statement after a meeting of the coordination group the three entities established in early April to maximise their response to the energy and economic impacts of the war in the Middle East, they indicated that the negative effects could linger given the damage to infrastructure as a result of the conflict.
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